622 Ethel RdSpartanburgSC29301
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Spartanburg at 622 Ethel Rd, Spartanburg, SC, 29301 offers $1,409/mo rent that, after a $700/mo payment, leaves $558/mo cash flow. Total monthly income is $1,409/mo, and annual cash flow is $6,692/yr on $47,405 cash. Return on cash invested measures 34.03% in year one, and rental yield stands at 11.82% at a $143,000 entry. Equity gained on principal adds $923/yr while 5% annual appreciation compounds into $39,508 by year five. Five-year ROI records 178.25% and total cumulative return in cash reaches $84,496. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,409/mo property income versus a $700/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
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Listed by: Erin Colman • Realty One Group Freedom
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1564936
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.